Skip to main content
Presidential Election Investing
• Oct 29, 2020

TD's Sid Vaidya talks about how this and the pandemic will affect the country for months to come

With a Presidential Election next week, coupled with economic uncertainty amid a global pandemic, many investors are wondering what the future holds.

"MoneyTalk" host Anthony Okolie recently spoke with TD Bank's Sid Vaidya, Chief Investment Strategist for U.S. Wealth, to pick his brain on how this historic election and COVID-19 might affect not only people's investment portfolios, but their retirement accounts and much more.

Vaidya says overall, he expects some more short-term volatility in the coming weeks and months due to the recent rise in virus cases, the election and questions to whether there will be another fiscal stimulus from the federal government.

presidential_election_investing_video.jpg#asset:4181

He notes that volatility typically rises the closer we get to the day of the election, but that major concerns around Presidential Elections are usually "unfounded," as returns over the course of most Presidential terms are positive on average, he said.

"The perception of risk has generally not matched the reality of the outcome," he said about elections.

Vaidya also expects that no matter the outcome of next week's election, both sides of the political spectrum will come together after to pass some kind of stimulus like the C.A.R.E.S. Act we saw earlier this year.

In addition, "the Fed has clearly communicated they will do whatever it takes and for however long it takes to help sustain this recovery," he said.

What that means is continued support and programs to not only help individuals, but small and large businesses as well.

Vaidya said programs like this are meant to help improve corporate health, by allowing businesses, who keep so many employed, to raise funds at very low cost during a struggling economy.

As we've seen, COVID-19 has also augmented the move to digital and online services. Those companies making the move to include these digital services will continue to grow and benefit well past the pandemic.

Watch the full video above to learn more.

Want to learn more about Personal Finance Insights?
Making Sense of Q1, Inflation and Election Economics
Considerations for the Year Ahead
Acceptance of Higher for Longer

Join our newsletter

Sign up for the latest updates from TD Stories delivered to your inbox twice a week.

See you in a bit

You are now leaving our website and entering a third-party website over which we have no control.

Continue to site Return to TD Stories

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third-party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.